Vermont Arts Exchange

Analysis

Vermont Arts Exchange is a registered charity in United States, based in N Bennington, VT. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vermont Arts Exchange reported income of $342k and spending of $313k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $342k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vermont Arts Exchange sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 57th percentile within VT. Charities of a similar size with the same main cause include Brandon Rotary Club Charity Fund Inc ($342k), Friends of Greater Ravalli County Foundation ($342k) and Hope Learning Center ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $103k (33% of expenses). Other salaries and wages came to $91k. At year end it held assets of $306k against liabilities of $20k, net assets of $285k. It reported 12 employees.